I have submitted the return in right time. MY rebates will be Rs. 8280.00. But still now no information of rebates has given me or credit in my pension account. An early action is requested. more  

Mr. R V Satyanarayana, do you remember back in 2007-08 when the uploading of TDS to Form 26AS started? At that time NSDL used to maintain it later on it was transferred to TRACES a department under Incom Tax. The first few years many Nationalised banks and most of the post offices did not bother to upload the TDS at all or did it partially. But they did issue Form 16A. It was boom time for the loacal ITO's since there was inevitably mismatches with Form 26AS and Form 16/16A. I got huge demand notices for the years AY 2007-08 and AY 2008-09. The total TDS amount as per my Form 16 and Form 16A were not considered since the same were not uploaded by banks, post offices and my employer!!! When I went to my ITO I was shown the rule book, where it was mensioned the "Assessee is responsible to assure that the deductors have uploaded the TDS amount....". Can you beat it? Just how does an individual person enforce banks like SBI or a post office or a PSU to upload TDS ? I faught till 2014 and did not pay a single Rupee of the demands. Luckily I met one commissioner of Income Tax who used to stay very near my residence and was of impeccable intigrity. He gave me the link to a Notification which I downloaded fom Income Tax website, where it was clearly stated that - in view of the dicrepencies of TDS uploading during FY 2007, 08 and 09, demands arising out of mismatch between From 16/16A and Form 26AS could be vacated by an ITO on production of original Form 16/16A by the Assessee, then and there. I printed a copy of the notification, armed with it and my original Form16/16A's and met the ITO. You know what he said? He said he never got the notification!!! So I told him whether I should then go to the Commissioner who sits in the same building, within minutes he sat at his terminal and vacted all the bogus demands. This is how our system works and rules framed. All for the convinience of Babus and Tax lawyers and employess of nationalised banks Post Offices etc. etc. more  

Mr. Ranabir Ghosh,. You are very much correct regarding form 15 H. But I find banks themselves not following rules. Some banks have the system of online submission, they don't ask about your previous submissions and you can not change anything. Some other banks take a printout And ask you to sign. There also no mention of earlier declarations. In one bank if your total income exceeds three lakhs the system doesn't accept even when you have deductions under 80 C and tax liability is nil. Post office is still worse, they still use age old forms. And finally the depositor is made itresponsible for all the mistakes. more  

Mr. Anand Burman, if you read the latest or even last year's Form 15H, you will find in item 17 where you have to declair whther you have submitted Form 15H to any other deducter and for how much amount of income. If the total exceeds taxable income, that is after deducting allowable deductions under Sec. 80C is less than Taxable limit, then it is valid, otherwise it is automatically tejected and 10% tax is deducted by the system software, no fault of the bank. Formerly there was no check, but now since you have to declair all your bank accounts and other investments, income from which are taxable, the system automatically rejects your Form 15H if it exceeds the maximum non-taxable limit. It is not a fault of the bank. Also the person who accepts your Form 15H vetting your declairation is correct has to sign!!! How the hell can he do it unless he gets your full income tax return ??? Read my last post as an answer to Mr. G SIVA RAMA VARMA's post. See what kind of people formulates the rules, that is why these grey areas. Again we come back to the same piont - "since Senior Citizens are exempt from paying advance tax, why TDS ? Which is whether or not IT department agrees, is definitely an advance tax." So bloody well we can pay self assessment tax through on-line Challan after we check our tax due by filling up our return form online which automatically calculates the tax (the Java format is best it fills the TDS/TCS section automatically from our Form 26AS). Then wait for three days to get it uploaded to our Form26AS, then complete the return form and upload it to CPC. But who is going to listen to this absolutely logical point? Neithr FM, nor the Income Tax authorities nor the Tax cunsultants, most of whom are nothing but glorified clerks and have a dotted line connection to ITO's vested with disproportionate power with respect to their post and some Asst. Commmissioners also. There ARE good and honest persons in all levels of IT Department TOO, but very few to have any impact on the corrupt system. more  

Sorry Venkateswara ji..that is the reason..Aadhaar linking to every account is made mandatory..shifting funds from one basket to other isn't going to help anyone..All the Fishes are set to swallow small fishes..and you know who the big fishes are..? more